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Khosla Ventures ready to raise another $1bn fund

10 Jun 2014

US venture capital major Khosla Ventures is reportedly ready to hit the fundraising trail for a new fund targeting about $1bn.

Khosla is yet to officially launch Fund V according to peHub, which cited three LPs with knowledge of the fundraise.

The firm closed its last vehicle, Khosla Venture IV, on $1.05bn in 2011, with 50 per cent of it allocated to clean technology.

That followed its first institutional investor fund, pulled in $1bn of commitments in 2009. The firm’s first two vehicles were not open to outside investors, instead relying on the personal wealth of founder Vinod Khosla, pictured.